Show I MILL STREET FAILS TO Lack of Confidence and Backward Back Back- L ward ward Weather Is a Damper UV y THOMAS C C. fr June 3 The The reported agree ment between tue Calumet and Hecla and the tho United Metals Selling company to tu i reduce educe time the price of copper 2 cent centie Y n. n pound had a a. more severe effect on the stock market than the tho copper ex CX bg i For a time the market was almost demoralized de do- moralized niom and new low records Were madIn made mad In iii many Issues Amalgamated natural suffered the worst almost reaching It Its panic price New York Central Inter Inter- 7 borough Metropolitan and Union w eru re hard hit J Time The weather lied had touch much to do ilo th the bi ak for or H IL was hard for or the tho r- r trader ti-adek- shivering In Iii his overcoat r t to Imagine any ally progress In iii the crops I Farmers know however that thai September e Is not being hurt hurl a by ill Lh cool wet el weather r Export of gold to the tue amount of OO dm Uli was announced for Thursday t thia export Is made necessary by th the longshoremen strike and does doeH nut not af at- fundaments of time the market Strikes of labor in mining camps wm were ai rumored bui iut nothing positive This talk up up et ei time mining list how how- t t ever especially the tho Cobalt shares shari-s. lidward idward H. H finally Issued a continuation of the tue report published li In L this column about six ago of ai an 4 by the Union Pacific to borrow hi Iii France Pranee Time Tho attempt as wu was stated nt at tIme the time lime In this column was wasa a failure AIr Mr harriman stated that no nor r other oilier attempt Is being made to borrow t money now that thai the road Is being kept up to the standard ct et fur for it but that no extensions Into new territory are being planned Wall alI street Is much ex- ex hS died over the tho expectation that thai the In- In 4 Commerce commission will tie dt- clile citie tomorrow whether or not to punish pun J ish idi for his success In Union I deals Some reports say that the commission Is divided and hat nothing will l be dune done Pennsylvania's report for oi showed j-c j a Increase In Iii gross earnings and a remarkably small percentage of not ltd hut It showed some net Increase and andIn In that respect the month wan a a. turning point The previous two mouths months showed net deficits None of time the railroads Is I showing any net nel increase If il It can bo A. A helped for Is no desire lo to appear prosperous pi-osper-ous- lesl be Invited L-ick L of confidence and amid lack of nin- nin S w were re time of the day Tho TIli 1 buying was extremely good Hundreds I o of millions of or dollars arc lying lying- Idle WaltIng Walt alt r Ing to jump Into the market and a eon com reversal al of ot form Is Pc expected ex cx- at almost any moment by the tho lies best people i In lIt time the i Tho total number of or share harv o of- of sold today amounted to against 2 l the same day a year ago The fite total par iam value of bonds sold gold today amounted to against the same mame day a year ago London Is thoroughly discouraged over American stocks A London hanker banker who was In Wall street today said On the theother theother other side President Roosevelt Js is regarded us as a great patriot and all that thai but us as an In London feels that t S. S too much In quarreling with them publicly publicly pub pub- and in this way lending them for tho moment all the Importance of Presidential office Now ow comes tile railroad wax war with the New York Central stilt lo to bo be The main fact of the situation In regard repard to Central Is as Investors purchased purchased pur pur- chased stocks in railroads and then therm a mu directors of the tho New York Central leased those hose to the Nc York Central 01 on onU a U guaranteed dividend basis thus Jn Ing lo to themselves themselves- us as Investors men dous profits Everybody body seems to be unhappy buthe bu but time the followers of James J F. F Hill and J J. J 1 Morgan and even these are arc thinking hard 1 about time the market It seems certain that there 3 is to be u. u bumper crop of or ti everything In imi the territory served h by bythe the lull Hill railroads i They are arc choked with business A failure allure of or crops and dull dill trade N bu Jut what Hill wants to put his roods roads In mope to do Hill Is it Isto to so carefully building sections of that thai In two oars Northern simon Id have a double track front from St. St Paul to Seattle Wall t has paid the state state- over 11 since tince Ito Iho transfer tm tax went Into Inlo C effect if f Open Lu Am Ani C F F. 37 i Am Smelting Iii 1121 Am tm Locomotive KM CC k W Am v iu li Am Wool 23 Z 21 23 3 Anial nial Copper r SMi si st xi Anaconda Cop Copl 5 JoVi ti 87 57 S S' V S It and O 0 Wi tI Wi Jk tI Brooklyn IS It T T. 19 I IS iS' iS Canadian Pacific Clues Chos and Ohio M 33 3 i SSTa 33 K C. C M. M anti and St. St P WI lS i i Cob Colo T. T and 1 I. I S SP Si- Si 2 Erie r 21 O- O D. D Lou cou and Nash Mexican Central 19 20 SOH Missouri 72 2 M M. K and ant T SUt N N. Y V. Central lODi lWi l Si N. N Y O 0 and YV 32 3 32 2 32 National Lead 9 SO ra W K n 1214 1214 anla 1184 Peoples People's Gas t JO S' S tending 9 W 10 37 97 Rock l la 10 19 19 Rep I nail and S 21 21 2 24 n Railway 13 13 IS 18 Southern 2 U IMi U. U S S. sti Kit t. t ll SITi do 95 i if tT Ti W S W Copper IS s Copper W L lo 1 Ii Total sales Money lot por cent |